Construction & Real Estate

Bahrain's real estate transactions in H1 soar to $2bn

The real estate transactions in Bahrain surged to BD775.2 million ($2.04 billion) during the first half from BD745.8 million last year, reported BNA, citing a senior official. 
 
This marks an increase from 5,099 transactions compared to last year's figure of 5,005 transactions.
 
As per official data, there was a 20.75% jump in the value of property transactions by non-Bahrainis compared to a 4.39% increase among Bahrainis, said Survey and Land Registration Bureau (SLRB) president Bassem Al Hamer. 
 
The highest single-day transaction value in this period was recorded on April 21, reaching BD53.6 million, he stated, underscoring the continued growth of Bahrain’s real estate market.
 
By governorate, the Capital Governorate led with BD265.4 million in transactions and a 32.84% growth rate, followed by Muharraq Governorate with BD197.6 million (13.52% growth), and the Northern Governorate with BD215.1 million (5.82% growth).
 
House sales accounted for the largest share, with a total of BD215 million and a 14.54% increase. Apartment sales followed at BD107.8 million, reflecting 1.91% growth, said the BNA report.
 
Ownership transfer figures showed a near gender balance, with 58% of transactions by men and 42% by women, indicating an inclusive and attractive property market supported by various incentives, stated Al Hamer.
 
He pointed out that real estate activity had seen growing participation across age groups, highlighting the sector’s diverse market demand. 
 
He attributed this to increased public confidence in a transparent and well regulated real estate environment that enables informed decision making through access to accurate information.